Stocks rose on Wednesday after President Donald Trump told the World Economic Forum he would not use force to acquire Greenland, easing a concern that has rattled markets and caused a flight from dollar-based assets.
The Dow Jones Industrial Average traded higher by 250 points, or 0.5%. The S&P 500 gained 0.3%, while the Nasdaq Composite advanced 0.1%.
Trump was commenting in his speech in Davos, Switzerland, about how he believed the U.S. was carrying the financial and military load for NATO. Here's what he said which boosted equities:
**That's probably the biggest statement I made, because people thought I would use force. I don't have to use force. I don't want to use force. I won't use force.**"
Treasury Secretary Scott Bessent told reporters in Davos on Wednesday that the Trump administration was "not concerned" about the previous session's sell-off.